PP Reddy is a renowned Hyderabad-based business tycoon and Indian industrialist, find out more about him below and his net worth
Reddy is the richest individual in his sector and tops the list of the highest earners in India this year.
Who is PP Reddy owner of Megha Engineering and Infrastructure Limited (MEIL), net worth, biography, age, family and wife
Megha Engineering and Infrastructures Limited is 2nd top buyer of Electoral Bonds.
The same company which was given Kaleshwaram project of ₹100000 crore.
As Rahul Gandhi Ji said, Kaleshwaram project was ATM of BRS. #ElectoralBondScam #ElectoralBondsCase pic.twitter.com/sZAgQDiWuI
— Sama Ram Mohan Reddy (@RamMohanINC) March 15, 2024
Megha Engineering and Infrastructures Limited (MEIL), a major Indian infrastructure company:
Leadership: Founded and led by PP Reddy and family.
Western UP Power Transmission Company Limited (WUPPTCL) project was developed by MEIL (Megha Engineering and Infrastructures… https://t.co/M2IZnagCbT
— Nethrapal (@nethrapal) March 14, 2024
Reddy is one of India’s richest self-made billionaires, and his company featured second on the electoral bond purchase list.
PP Reddy bio
PP Reddy, full name Pamireddy Pitchi Reddy, is a renowned Indian industrialist and executive chairman of Megha Engineering and Infrastructure Limited (MEIL). He was born in 1957 in Dokiparru village, Krishna district, Andhra Pradesh, India. Reddy was born to Pamireddy Krishna Reddy and Pamireddy Bhadramma. He had humble beginnings and was born as the fifth child in a farming family.
Wife and children
PP Reddy is married to his wife, Rama Reddy Pamireddy, with whom he has two children, daughters, Manjali and Megha. Rama Reddy Pamireddy is also one of the directors of MEIL.
Profession and career
Despite coming from humble beginnings, Reddy always had plenty of ambition and began his career as an industrialist by starting a small firm with just two people back in 1989. Reddy named the firm Megha Engineering Enterprises and began by constructing small pipes for municipalities.
He eventually grew the company successfully and played a major role in heavy infrastructure projects like roads, dams, natural gas distribution networks, and lift irrigation projects. Most notably, he distributed pipes for India’s largest such project, the Kaleshwaram lift irrigation project, which cost a whopping $14 billion. PP Reddy’s nephew, PV Krishna Reddy, joined him in the business two years after its inception. Khrishna eventually succeeded Reddy as MD, and presently runs Megha Engineering and Infrastructure Limited (MEIL).
Residence
Reddy lives in a palatial residence specially designed to look like a massive, sparkling diamond. The Hyderabad-based business tycoon’s house, popularly called the ‘Diamond House’, has become a modern landmark in Hyderabad. Interestingly, Reddy even owns his own personal golf course.
Net worth
PP Reddy recently broke into India’s 100 richest people this year and currently has an estimated net worth of over ₹37,300 crore. Reddy is the richest individual in the engineering and construction industry, and this year alone, he earned ₹24,700 crore.